More reports on: Telecom

Samsung sees manufacturing prospects in India

08 November 2014

A delegation of senior executives of Samsung SDI led by the company's president and CEO Sangjin Park on Friday met minister for communications and information technology Ravi Shankar Prasad to discuss local manufacturing potential.

The CEO had earlier met Ravi Shankar Prasad at Seoul last month when the minister had shared with the Samsung chief the Digital India vision of the prime minister and the great potential that India has in the field of electronic manufacturing and the changed business environment in India.

The two discussed the great opportunity Indian markets offer for companies like Samsung.

Since Indian consumers have become quality conscious now, Samsung, which is globally known for its quality can tap this growing quest for quality products among consumers, the minister said.

''This coupled with the conducive business environment created by this government and the ambitious Digital India programme makes a case for Samsung to expand its manufacturing capacities in India,'' the minister pointed out.

Prasad welcomed the Samsung CEO to select from among the electronic manufacturing clusters for making investments and assured him of all possible support from the government.

Samsung SDI, which is world's leading company in energy storage solutions and offers diverse products ranging from mobile phone batteries, automotive batteries and other smart energy storage solutions, is very optimistic about Indian markets and the positive changes in business environment.

The minister informed Park about the great opportunity the National Optical Fiber Network (NOFN) offers for battery manufactures. Prasad further shared with the Samsung CEO the rising aspirations of young Indians.

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